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Misquoting Warren Buffet


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A prime example of why the spoken word is so fraught with danger....

Mr. Buffet was in Toronto wednesday speaking about a number of things...one of which was the US economy.

Note the headline.

Warren Buffett says U.S. dollar 'worthless' if account deficit persists

Did he say that?

Not in the least...

TORONTO (Dow Jones)--Billionaire Warren Buffett said Wednesday that the U.S. dollar will be "worth less" if the country keeps sending more money abroad than it brings in.


When that went out on the wire there was a little panic and some started sellling....

Warren Buffett generated some headlines during his visit to Toronto yesterday. But one in particular generated some extra attention.

Dow Jones Newswires transmitted this flash yesterday afternoon:


Buffet had to issue a clarification to calm the nerves of investors.....

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